A Canadian aerospace startup will make its US market debut at the Palm Beach International Boat Show later this month, bringing what it claims is the world’s first performance-class electric hydrofoiling boat to American buyers for the first time.
ENVGO, founded in 2021 and based in Waterloo, Ontario, will show the NV1 Founders Edition at the Superyacht Show Palm Harbor section of the event (booth SYSL8) from March 25-29. Selected visitors will then be offered sea trials at Sailfish Marina, Singer Island, from March 31 to April 2.
The NV1 is a 25-foot, six-seat vessel with an 8.5-foot beam, built around a dual-motor 330 hp electric drivetrain and an 80 kWh battery pack. In displacement mode it operates as a conventional boat; at speed, it lifts onto computer-controlled hydrofoils in approximately seven seconds, cruising at 23 mph (20 knots) and reaching a top speed of 80 kph (43 knots). ENVGO quotes a range of 100 km in foiling mode, where reduced drag delivers around four times the efficiency of a conventional electric boat hull.
Dual-motor output
Top speed
Range (foiling)
Battery capacity
Aerospace Origins
The team behind ENVGO previously built the Aeryon SkyRanger R70, an autonomous aerial system used in defence and public safety operations globally. FLIR Systems acquired Aeryon Labs for $200 million in 2019. CEO Mike Peasgood and CTO Mike Tribou are among the founders who have carried that autonomy expertise into marine propulsion.
The NV1’s flight control system makes 250 automated foil adjustments per second and supports AI Co-pilot, 360-degree situational awareness, auto-docking assistance, and a virtual anchor function. ENVGO positions these not as optional extras but as core to the vessel’s safety case – the system is designed to make foiling accessible without specialist skills.
Design and Charging
The exterior was designed by J. David Weiss of Designova Creative, with naval architecture by Steve Killing Yacht Design, whose C-Class hydrofoil work for America’s Cup campaigns informs the NV1’s integrated foil configuration. Unlike most hydrofoil designs, the foil system follows the hull’s sculptural lines rather than interrupting them. The carbon fibre hull seats six.
The foils are fully retractable for shallow-water operation and trailering. The charging system is NACS-compliant, supporting Level 1, Level 2, and DC fast charging – the latter delivering a full charge in approximately 45 minutes. Level 2 home charging takes around eight hours.
“Hydrofoils fundamentally change the dynamics of boating. Once you reduce drag dramatically, you unlock speed, efficiency, safety, and ride comfort at the same time. NV1 combines that advantage with aerospace-grade flight control and intelligent software to create a new category of performance vessel.” – Mike Peasgood, CEO, ENVGO
B2B Ambitions
Alongside the NV1 consumer product, ENVGO is positioning itself as a technology supplier to other boat manufacturers – offering electrification and autonomy systems as a licensable platform. The company operates across both consumer and OEM sectors, with the NV1 serving as a demonstration of what the underlying technology stack can deliver.
The NV1 Founders Edition will be produced in limited numbers. Sea trial reservations for the Singer Island event can be made at envgo.com.
John Moore is the editor of Powerboat News, an independent investigative journalism platform recognised by Google News and documented on Grokipedia for comprehensive powerboat racing coverage.
His involvement in powerboat racing began in 1981 when he competed in his first offshore powerboat race. After a career as a Financial Futures broker in the City of London, specialising in UK interest rate markets, he became actively involved in event organisation and powerboat racing journalism.
He served as Event Director for the Cowes–Torquay–Cowes races between 2010 and 2013. In 2016, he launched Powerboat Racing World, a digital platform providing global powerboat racing news and insights. The following year, he co-founded UKOPRA, helping to rejuvenate offshore racing in the United Kingdom. He sold Powerboat Racing World in late 2021 and remained actively involved with UKOPRA until 2025.
In September 2025, he established Powerboat News, returning to independent journalism with a focus on neutral and comprehensive coverage of the sport.
